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Founded in the Nordic region, UPNORTH AS is a venture capital firm dedicated to building companies with a focus on profitability from the early stages. The firm specializes in B2B SaaS investments and has a portfolio of four companies. UPNORTH AS emphasizes disciplined growth and operational efficiency in its approach.
UPNORTH AS primarily invests in the software as a service (SaaS) sector, specifically targeting early-stage B2B applications. The firm seeks to support companies that demonstrate potential for profitability and operational efficiency. Investment stages include pre-seed, seed, and seed+ (extension) rounds.
Notable portfolio companies include Infraspace (2021), an AI-powered generative design platform for civil infrastructure; Kontofy (2025), focused on accounting automation; eVaksine (2018), specializing in vaccination management; and PTPRO (2023), a sports performance management platform. UPNORTH AS achieved a successful exit with Legala (2019), a legal tech platform sold to stp.one.
Email your pitch deck to hello@upnorth.vc for consideration.
Yes, UPNORTH AS often leads investment rounds in the companies they back, particularly in the early stages.
UPNORTH AS is open to follow-on investments, especially if the company continues to demonstrate growth and profitability potential.
Specific details about the size of UPNORTH AS's current fund are not publicly available.
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